This startup provides a post-trade management platform for physical commodity trading, automating processes from trade entry to settlement. It helps commodity traders streamline operations and reduce manual effort in their back-office functions.
Funding
$237.4K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The physical commodity trading industry relies heavily on paper-based processes for post-trade management, leading to inefficiencies, increased risk of errors, lack of transparency, and delays in settlement. Managing trade documents, tracking logistics, and ensuring data integrity across multiple parties involves significant manual effort and coordination.
Solution
Post-Trade by Havona offers a post-trade management platform designed to streamline and secure physical commodity transactions. The platform provides a single source of truth for trade data, facilitating secure data flow between trade partners, including counterparties, warehouses, logistics operators, and inspectors. By digitizing trade documents and automating workflows, the platform reduces manual effort, improves data accuracy, and accelerates post-trade operations. It enables users to create data-driven trade networks, exchange Electronic Transferable Records (ETRs), and gain real-time visibility into key trade data points.
Target Audience
The platform targets commodity traders, supply chain managers, and operations teams involved in physical commodity trading who seek to improve efficiency, reduce risk, and enhance transparency in their post-trade processes.
Features
- TradeBlotter: Enables auditable trade entry collaboration with discrepancy detection, smart alerts, and field-level precision.
- ETRSeal: Seals Electronic Transferable Records (ETRs) with a tamper-proof solution built on Distributed Ledger Technology (DLT) for authenticity and integrity.
- ETRVault: Safeguards, acquires, and transfers negotiable instruments such as electronic Bills of Lading (eBLs) and warehouse receipts using DLT-native smart contracts.
- Logistics Module: Provides access to standardized shipping information from various carriers for booking logistics, exchanging eBLs, and tracking cargo, adhering to Digital Container Shipping Association (DCSA) standards.
- Integration: Connects with ERP, CTRM, and core-banking systems through a graph-native architecture for automatic synchronization of trade information.
- Secure Electronic Transferable Records (ETRs): Ensures secure access to authorized trading partners with real-time visibility into key trade data points.
- Distributed Network: Built on TEN, an Ethereum Layer-2 blockchain, for enhanced security and transparency through trusted execution environments (TEEs).